Verslag inzake de Solvabiliteit en de Financiële Toestand 217 bedragen in duizenden DSW Ziektekostenverzekeringen N.V.
Inhoudsopgave: 2.1 Balance Sheet 5.1 Premiums, claims and expenses by line of business 5.2 Premiums, claims and expenses by country 17.1 Non-Life Technical Provisions 19.1 Non-Life claims 23.1 Own funds 25.1 Solvency Capital Requirement - for undertakings on Standard Formula 28.1 Minimum Capital Requirement - Only life or only non-life or re activity
2.1 Balance sheet Assets Intangible assets Deferred tax assets Pension benefit surplus Property, plant & equipment held for own use R3 R4 R5 R6 Solvency II value C1 Investments (other than assets held for index-linked and unit-linked contracts) R7 115.397 Property (other than for own use) Holdings in related undertakings, including participations Equities Bonds Equities - listed Equities - unlisted Government Bonds Corporate Bonds Structured notes Collateralised securities Collective Investments Undertakings R18 115.397 Derivatives Deposits other than cash equivalents Other investments Assets held for index-linked and unit-linked contracts Loans and mortgages Loans on policies Loans and mortgages to individuals Other loans and mortgages Re recoverables from: Non-life and health similar to non-life Non-life excluding health Health similar to non-life Life and health similar to life, excluding health and index-linked and unit-linked Health similar to life Life excluding health and index-linked and unit-linked Life index-linked and unit-linked Deposits to cedants R8 R9 R1 R11 R12 R13 R14 R15 R16 R17 R19 R2 R21 R22 R23 R24 R25 R26 R27 Insurance and intermediaries receivables R36 1.4 Re receivables Receivables (trade, not ) R38 1.19 Own shares (held directly) Amounts due in respect of own fund items or initial fund called up but not yet paid in Cash and cash equivalents R41 119 Any other assets, not elsewhere shown R42 53 Total assets R5 118.194 R28 R29 R3 R31 R32 R33 R34 R35 R37 R39 R4
Solvency II value C1 Liabilities Technical provisions - non-life R51 14.877 Technical provisions - non-life (excluding health) R52 TP calculated as a whole R53 Best estimate R54 Risk margin R55 Technical provisions - health (similar to non-life) R56 14.877 TP calculated as a whole R57 Best estimate R58 13.3 Risk margin R59 1.848 TP - life (excluding index-linked and unit-linked) R6 Technical provisions - health (similar to life) R61 TP calculated as a whole R62 Best estimate R63 Risk margin R64 TP - life (excluding health and index-linked and unit-linked) R65 TP calculated as a whole R66 Best estimate R67 Risk margin R68 TP - index-linked and unit-linked R69 TP calculated as a whole R7 Best estimate R71 Risk margin R72 Contingent liabilities R74 Provisions other than technical provisions R75 Pension benefit obligations R76 Deposits from reinsurers R77 Deferred tax liabilities R78 Derivatives R79 Debts owed to credit institutions R8 Financial liabilities other than debts owed to credit institutions R81 Insurance & intermediaries payables R82 2.723 Re payables R83 Payables (trade, not ) R84 9 Subordinated liabilities R85 Subordinated liabilities not in BOF R86 Subordinated liabilities in BOF R87 Any other liabilities, not elsewhere shown R88 99 Total liabilities R9 17.79 Excess of assets over liabilities R1 1.485
5.1 Premiums, claims and expenses by line of business Premiums written Medical expense Gross - Direct Business R11 148.288 Gross - Proportional re accepted R12 Gross - Non-proportional re accepted R13 Reinsurers' share R14 Net R2 148.288 Premiums earned Gross - Direct Business R21 144.24 Gross - Proportional re accepted R22 Gross - Non-proportional re accepted R23 Reinsurers' share R24 Net R3 144.24 Claims incurred Gross - Direct Business R31 137.915 Gross - Proportional re accepted R32 Gross - Non-proportional re accepted R33 Reinsurers' share R34 Net R4 137.915 Changes in other technical provisions Gross - Direct Business R41 Gross - Proportional re accepted R42 Gross - Non-proportional re accepted R43 Reinsurers' share R44 Net R5 Expenses incurred R55 9.775 Other expenses R12 Total expenses R13 Income protection Line of Business for: non-life and re obligations (direct business and accepted proportional re) Workers' compensation Motor vehicle liability Other motor Marine, aviation and transport C1 C2 C3 C4 C5 C6
Fire and other damage to property General liability Credit and suretyship Legal expenses Assistance Miscellaneous financial loss Line of Business for: accepted non-proportional re Health Casualty Marine, aviation, transport C7 C8 C9 C1 C11 C12 C13 C14 C15 C16 C2 Property Total 148.288 148.288 144.24 144.24 137.915 137.915 9.775 1.287
Premiums written Gross R141 Reinsurers' share R142 Net R15 Premiums earned Gross R151 Reinsurers' share R152 Net R16 Claims incurred Gross R161 Reinsurers' share R162 Net R17 Changes in other technical provisions Gross R171 Reinsurers' share R172 Net R18 Expenses incurred R19 Other expenses R25 Total expenses R26 Health Insurance with profit participation Line of Business for: life obligations Index-linked and unitlinked Other life Annuities stemming from non-life contracts and relating to health obligations Annuities stemming from non-life contracts and relating to obligations other than health obligations C21 C22 C23 C24 C25 C26
Life re obligations Health re Life re Total C27 C28 C3
144.24 137.915 5.2 Premiums, claims and expenses by country R1 Top 5 countries (by amount of gross Total Top 5 and home Home Country premiums written) - non-life country C1 C2 C3 C4 C5 C6 C7 C8 C9 C1 C11 C12 C13 C14 NL Premium written 148.288 Gross - Direct Business R11 148.288 148.288 Gross - Proportional re accepted R12 Gross - Non-proportional re accepted R13 Reinsurers' share R14 Net R2 148.288 148.288 Premium earned 144.24 Gross - Direct Business R21 144.24 144.24 Gross - Proportional re accepted R22 Gross - Non-proportional re accepted R23 Reinsurers' share R24 Net R3 144.24 144.24 Claims incurred 137.915 Gross - Direct Business R31 137.915 137.915 Gross - Proportional re accepted R32 Gross - Non-proportional re accepted R33 Reinsurers' share R34 Net R4 137.915 137.915 Changes in other technical provisions Gross - Direct Business R41 Gross - Proportional re accepted R42 Gross - Non-proportional re accepted R43 Reinsurers' share R44 Net R5 Expenses incurred R55 9.775 9.775 Other expenses R12 Total expenses R13 1.287 Premium written R14 Top 5 countries (by amount of gross Total Top 5 and home Home Country premiums written) - life obligations country C15 C16 C17 C18 C19 C2 C21 C22 C23 C24 C25 C26 C27 C28 NL Gross R141 Reinsurers' share R142 Net R15 Premium earned Gross R151 Reinsurers' share R152 Net R16 Claims paid Gross R161 Reinsurers' share R162 Net R17 Changes in other technical provisions Gross R171 Reinsurers' share R172 Net R18 Expenses incurred R19 Other expenses R25 Total expenses R26
17.1 Non - life Technical Provisions Technical provisions calculated as a whole Total Recoverables from re/spv and Finite Re after the adjustment for expected losses due to counterparty default associated to TP as a whole Technical Provisions calculated as a sum of BE and RM Best estimate Premium provisions R1 R5 Gross - Total R6 3.82 Total recoverable from re/spv and Finite Re after the adjustment for expected losses due to counterparty default R14 Net Best Estimate of Premium Provisions R15 3.82 Claims provisions Gross - Total R16 9.21 Total recoverable from re/spv and Finite Re after the adjustment for expected losses due to counterparty default R24 Net Best Estimate of Claims Provisions R25 9.21 Total Best estimate - gross R26 13.3 Total Best estimate - net R27 13.3 Risk margin R28 1.848 Amount of the transitional on Technical Provisions TP as a whole Best estimate Risk margin Technical provisions - total Technical provisions - total R32 14.877 Recoverable from re contract/spv and Finite Re after the adjustment for expected losses due to counterparty default - total R33 Technical provisions minus recoverables from re/spv and Finite Re- total R34 14.877 R29 R3 R31 Direct business and accepted proportional re Workers' Medical expense Income protection Motor vehicle liability compensation Other motor Marine, aviation and transport Fire and other damage to property C2 C3 C4 C5 C6 C7 C8
General liability Credit and suretyship Legal expenses Assistance Miscellaneous financial loss Non-proportional health re Accepted non-proportional re: Non-proportional Non-proportional marine, aviation and casualty re transport re Non-proportional property re Total Non-Life obligations C9 C1 C11 C12 C13 C14 C15 C16 C17 C18 3.82 3.82 9.21 9.21 13.3 13.3 1.848 14.877 14.877
19.1 Non-life Insurance Claims Information Non-life Insurance Claims Information Development year (absolute amount) 1 2 3 4 5 6 7 8 9 1 & + In Current year Sum of years (cumulative) Gross Claims Paid (non-cumulative) C1 C2 C3 C4 C5 C6 C7 C8 C9 C1 C11 C17 C18 Prior R1,,,,,, R1 28 R16 R16 29 R17 38 R17 38 21 R18 11.199 348 R18 11.547 211 R19 88.263 1.22 212 R19 98.496 212 R2 81.347 1.61 238 R2 92.186 213 R21 84.496 8.34 216 R21 93.52 214 R22 89.717 7.44 28 R22 97.149 215 R23 15.619 7.919 218 R23 218 113.755 216 R24 123.233 8.718 R24 8.718 131.951 217 R25 129.872 R25 129.872 129.872 Total R26 138.88 768.315 Development year (absolute amount) 1 2 3 4 5 6 7 8 9 1 & + Year end (discounted data) Gross undiscounted Best Estimate Claims Provisions C2 C21 C22 C23 C24 C25 C26 C27 C28 C29 C3 C36 Prior R1 R1 28 R16 R16 29 R17 R17 21 R18 36 R18 211 R19 1.917 55 R19 212 R2 12.52 313 R2 213 R21 9.396 212 R21 214 R22 8.387 35 R22 215 R23 8.644 292 R23 216 R24 9.755 296 R24 33 217 R25 8.914 R25 9.12 Total R26 9.45
23.1 Own funds Basic own funds before deduction for participations in other financial sector as foreseen in article 68 of Delegated Regulation (EU) 215/35 Ordinary share capital (gross of own shares) R1 681 681 Share premium account related to ordinary share capital R3 Initial funds, members' contributions or the equivalent basic own - fund item for mutual and mutual-type undertakings R4 Subordinated mutual member accounts R5 Surplus funds R7 Preference shares R9 Share premium account related to preference shares R11 Reconciliation reserve R13 99.84 99.84 Subordinated liabilities R14 An amount equal to the value of net deferred tax assets R16 Other own fund items approved by the supervisory authority as basic own funds not specified above R18 Own funds from the financial statements that should not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds Own funds from the financial statements that should not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds R22 Deductions Deductions for participations in financial and credit institutions Total basic own funds after deductions R29 1.485 1.485 Ancillary own funds Unpaid and uncalled ordinary share capital callable on demand R3 Unpaid and uncalled initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual - type undertakings, callable on demand R31 Unpaid and uncalled preference shares callable on demand R32 A legally binding commitment to subscribe and pay for subordinated liabilities on demand R33 Letters of credit and guarantees under Article 96(2) of the Directive 29/138/EC R34 Letters of credit and guarantees other than under Article 96(2) of the Directive 29/138/EC R35 Supplementary members calls under first subparagraph of Article 96(3) of the Directive 29/138/EC R36 Supplementary members calls - other than under first subparagraph of Article 96(3) of the Directive 29/138/EC R37 Other ancillary own funds R39 Total ancillary own funds R23 R4 Total Tier 1 - unrestricted Tier 1 - restricted Tier 2 Tier 3 C1 C2 C3 C4 C5 Available and eligible own funds Total available own funds to meet the SCR R5 1.485 1.485 Total available own funds to meet the MCR R51 1.485 1.485 Total eligible own funds to meet the SCR R54 1.485 1.485 Total eligible own funds to meet the MCR R55 1.485 1.485 SCR R58 39.718 MCR R6 9.93 Ratio of Eligible own funds to SCR R62 252,99% Ratio of Eligible own funds to MCR R64 111,98% C6 Reconciliation reserve Excess of assets over liabilities R7 1.485 Own shares (held directly and indirectly) R71 Foreseeable dividends, distributions and charges R72 Other basic own fund items R73 681 Adjustment for restricted own fund items in respect of matching adjustment portfolios and ring fenced funds R74 Reconciliation reserve R76 99.84 Expected profits Expected profits included in future premiums (EPIFP) - Life Business R77 Expected profits included in future premiums (EPIFP) - Non- life business R78 Total Expected profits included in future premiums (EPIFP) R79
25.1 Solvency Capital Requirement - for undertakings on Standard Formula Gross solvency capital requirement USP Simplifications C11 C9 C12 Market risk R1 19.88 Counterparty default risk R2 916 Life underwriting risk R3 Health underwriting risk R4 24.387 Non-life underwriting risk R5 Diversification R6-9.76 Intangible asset risk R7 Basic Solvency Capital Requirement R1 35.351 Calculation of Solvency Capital Requirement C1 Operational risk R13 4.367 Loss-absorbing capacity of technical provisions R14 Loss-absorbing capacity of deferred taxes R15 Capital requirement for business operated in accordance with Art. 4 of Directive 23/41/EC R16 Solvency capital requirement excluding capital add-on R2 39.718 Capital add-on already set R21 Solvency capital requirement R22 39.718 Other information on SCR Capital requirement for duration-based equity risk sub-module R4 Total amount of Notional Solvency Capital Requirements for remaining part R41 Total amount of Notional Solvency Capital Requirements for ring fenced funds R42 Total amount of Notional Solvency Capital Requirements for matching adjustment portfolios R43 Diversification effects due to RFF nscr aggregation for article 34 R44
28.1 Minimum Capital Requirement - Only life or only non-life or re activity Linear formula component for non-life and re obligations Net (of re/spv) best estimate and TP calculated as a whole C2 Net (of re) written premiums in the last 12 months Medical expense and proportional re R2 13.3 145.564 Income protection and proportional re Workers' compensation and proportional re Motor vehicle liability and proportional re Other motor and proportional re Marine, aviation and transport and proportional re Fire and other damage to property and proportional re General liability and proportional re Credit and suretyship and proportional re Legal expenses and proportional re Assistance and proportional re Miscellaneous financial loss and proportional re Non-proportional health re Non-proportional casualty re Non-proportional marine, aviation and transport re Non-proportional property re MCR calculation Non Life Linear formula component for life and re obligations R3 R4 R5 R6 R7 R8 R9 R1 R11 R12 R13 R14 R15 R16 R17 Non-life activities C3 MCR calculation Life Obligations with profit participation - guaranteed benefits Obligations with profit participation - future discretionary benefits Index-linked and unit-linked obligations Other life (re) and health (re) obligations Total capital at risk for all life (re) obligations R21 R22 R23 R24 R25 Net (of re/spv) best estimate and TP calculated as a whole C5 Life activities Net (of re/spv) total capital at risk C6 Non-life activities C1 MCRNL Result R1 7.454 MCRL Result R2 Life activities C4 Overall MCR calculation C7 Linear MCR R3 7.454 SCR R31 39.718 MCR cap R32 17.873 MCR floor R33 9.93 Combined MCR R34 9.93 Absolute floor of the MCR R35 2.5 C7 Minimum Capital Requirement R4 9.93